(ENPH), Plug Power (PLUG) – Why Plug Plower And Enphase Energy Shares Are Rising

Plug Power Inc PLUG and Enphase Energy Inc ENPH shares are trading higher by 5.30% to $27.22 and 6.92% to $313.07 respectively. Shares of several solar companies at large are trading higher in possible reaction to the recent signing of the Inflation Reduction Act. The European gas crisis could also be positively impacting solar stocks, as countries look for alternatives to gas.

What Else?

The White House Office of Management and Budget (OMB) last month released its first published analysis of avoided climate-related social costs resulting from a piece of legislation.

The legislation analyzed was President Joe Biden’s $740 billion Inflation Reduction Act. The study found climate change will affect the U.S government ledger through the end of the century (2100) with long-range budget estimates showing that Federal revenues could be 7.1% lower annually, which translated to a nearly $2 trillion dollar loss… Read More

See Also: Why Seres Therapeutics Shares Are Popping Off Today

Image and article originally from www.benzinga.com. Read the original article here.